Precious metals are rare metals that have a high economic value. They are valuable because they are scarce, useful for industrial processes, or have investment properties that make them a good store of value. Notable precious metals include gold, silver, platinum, and palladium. Here's a guide to investing in precious metals.
We'll cover what they are; the advantages, disadvantages and risks of investing in them; and some precious metal investments to consider. Lithium, aluminum and magnesium are the places where you should invest your money next year. Invest in gold, silver and platinum scrap and hold on to it until prices rise even higher. Advantages include the ability of physical gold to track the price of the precious metal and the potential for gold stocks and ETFs to perform better.